Debt Consolidation-Tips On Debt Consolidation Loans, Credit Card Debt Consolidation, And Non Profit Debt Consolidation

Judy asked:


There are lot of people out of work and some that have realized that is easy to scam gullible people.

Be super careful with debt consolidation. These have almost doubled.
Always thank you for reporting scams websites.

Gussie Bodor

Kim Y asked:


My ex has the house. The only collaterol I have is some IRA’s that have double the value as my debt.

What alternatives are out there? What do you suggest?
I have great credit, pay on time, not behind. I am wanting to get a home within a year, but will not be able with such a large debt. This monkey on my back is stifiling.

Thank you ahead of time for your suggestions!
081707 10:07

Neil Vanier

li x asked:


What is a good debt consolidation company that will negotiate what you owe by negotiating with the creditor, and then you owe less than before to each creditor, but you owe them for one big new loan , to them for paying your debts?
So they are getting your debts down by negotiating and then give you a consolidation loan to cover the amount owed to them now?

Lesli Workman

mrsfliege asked:


I am not referring to a consolidation loan, I am refer to the services that take your bills and lump them into one monthly sum. If you have had a good experience, which company did you use?

Neal Tecklenburg

zozosammy asked:


I’ve met with a lawyer to start to file for bankruptcy. The two main components of my debt are a car repo, which for some reason I still owe around $6000, and some payday loans, which I owe around $3000. I’m trying to find a way around bankruptcy, if any, does anyone have any ideas?

Elias Brammer

Brian W asked:


And if it is, after the program, can you rebuild it? After a few years would trying to get a loan for a new home still be affected by having gone through the consolidation program? Thank you for any responses.

Ammie Carolla

Roderick C asked:


There has been considerable debate between two specific debt reducing options: debt consolidation and debt settlement (negotiation). I’m trying to decide which is the best option to select if one wants to reduce their financial debt (specifically credit card debt). I’m sure there’s pros and cons to both options, however which is more effective? Please advise.

Milford Brusco

ikeasks asked:


I am trying to help someone who has aboout $10,000 in credit card debt, spread over 6 cards, get things turned around. Is there anyone who knows the options they have and which processes are the best. Any help is greatly appreciated.

Jack

Miami G asked:


Please help me, my debt is getting outrageous

Wilbert Cofresi

lauren london asked:


I make about $55,000/year and I currently owe approx. $34,000 in credit debt alone. That’s not including my car and student loans plus I still have rent to pay etc. I do not want to file bankruptcy if I don’t have to. I also would like to stay away from consolidation. My credit is average considering I have a high debt to income ratio, but I pay my bills on time.
Today, I was told by a company that they have something called debt management. I’ve never heard of that, but they said unlike debt consolidation where they lower both your interest rate AND balance, all debt management does is get the creditor to lower the interest rate. I would pay a monthly payment to the company and a monthly fee and they would make my payment for me.
At this point, I can only make minimum payments and my balance is going nowhere…Should I give debt management a try?
What are your thoughts and please state why or why not. They said this will not negatively affect my credit score.

Fausto Swift